Ferguson Waterworks Kalamazoo, MI

Status Under Contract
Location 2900 Millcork Street, Kalamazoo, MI 49001
Captialilzation Rate 7.00%
Building Size 20,000 SF
Lot Size 2.81 Acres
Lease Type NNN
Term Remaining 2.42 Years
Price $ 1114285
  • Strong Investment Grade Tenant BBB+ with over $23 Billion in Annual Revenue
  • New HVAC System Installed in 2019
  • Active Industrial Area Surrounded by National Tenants such as Fed Ex, Standard Electric, Gypsum Supply, Republic Services, Goodyear, etc.

Doherty Houston Industrial Group is pleased to present this Ferguson Waterworks located on Millcork Street in Kalamazoo, Michigan. The subject property is a 20,000-square-foot facility sitting on 2.81 acres. Ferguson has occupied this space since 2016. There are over two years of lease term remaining, with one, three-year option to renew. The property is in an active industrial area surrounded by national tenants such as FedEx, Standard Electric, Gypsum Supply, Republic Services, and Goodyear.

Ferguson is the largest U.S. distributor of plumbing supplies, PVF, waterworks and fire fabrication products. It is the third largest distributor of industrial and HVAC/R products. Ferguson is the nation’s largest distributor of residential and commercial plumbing supplies and pipe, valves and fittings (PVF). However, its expertise goes beyond plumbing. Ferguson is a diverse distributor that spans multiple businesses including HVAC/R, waterworks and industrial.

The Kalamazoo metro is in southwestern Michigan, approximately 140 miles west of Detroit, and consists of Kalamazoo and Van Buren counties. The population of roughly 342,000 residents is expected to grow by 4,000 people by 2025. Nine universities and colleges, highlighted by Western Michigan University, provide a robust labor force and result in a median age that falls below the national median. The local economy spans agriculture, business services, healthcare and manufacturing.

Agent : Max Navarro

  • 512-338-7862
  • max.navarro@marcusmillichap.com
License: TX- 714257
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